CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Looks to Increase Gross Margins Through Accretive Acquisition
Jun 11, 2021
Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently completed the acquisition of a chain of five Oregon-based retail dispensaries, known as Homegrown, for a total consideration of about $9.75 million. “This transaction increases Chalice Brands’ retail store footprint from 7 to 12 locations in the state of Oregon,” reads an article discussing the move. The consideration paid is 0.9 times Homegrown’s first quarter 2021 annualized revenue. “The fact that Homegrown is profitable makes this a highly accretive acquisition for the company’s earnings per share. It is anticipated that consumers will find Chalice Brand products on Homegrown shelves in the coming months, providing the opportunity to increase gross margins by between 5% and 10% in the newly acquired stores.”
To view the full article, visit https://cnw.fm/LaFot
About Chalice Brands Ltd.
Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution, and retail, with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice Brands operates nationally through Fifth and Root and has operations in Oregon and California. Visit https://Investors.ChaliceBrandsLtd.com for regular updates.
NOTE TO INVESTORS: The latest news and updates relating to CHALF are available in the company’s newsroom at https://cnw.fm/CHALF
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]
CannabisNewsWire is part of the InvestorBrandNetwork.
More News
Ashford’s historic bowls club edges closer to new home as work begins on clubhouse
Work has begun on a new bowls clubhouse as members edge closer to leaving their existing home of almost 120 years.
Report: Gillingham thrashed by Grimsby again
Gillingham’s woes against Grimsby Town continued with another home thrashing against the visitors.
Ainsworth lets Gillingham players have it after Grimsby humiliation
Manager Gareth Ainsworth admitted he was as frustrated as the Gillingham fans after Saturday’s heavy defeat.
Matchday Live: Gillingham v Grimsby, Torquay v Maidstone, Ebbsfleet v Maidenhead, Folkestone v Farnborough
Follow today’s football action, including Gillingham’s match at home to Grimsby, in our live blog.
Chatham prepare for top-two test after Dulwich demolition
Chatham Town welcome second-placed Welling United to the Bauvill on Saturday looking to build on their midweek thrashing of Dulwich Hamlet.
Ainsworth wants new-look Gills to right Grimsby wrongs
Manager Gareth Ainsworth wants Gillingham to put past Grimsby misery behind them when the Mariners return to Priestfield on Saturday.
Injury boost as Gillingham players close in on comebacks
Gillingham captain Liam Gordon is one of four injured players closing in on a return to action.
‘We had a point to prove’ – Gillingham defender on Port Vale response
Defender Andy Smith admitted the Gills had let themselves down last weekend but was pleased with their response against Port Vale.
Football fixtures and results
Catch up with all the week’s football fixtures and results.
Ainsworth pinpoints moment Gillingham missed their chance
Gillingham manager Gareth Ainsworth was left to rue the big missed chance that let visitors Port Vale off the hook.
Report: Vale fightback denies Gillingham a home win
Gillingham had to settle for a point at home after Port Vale fought back from a goal down at Priestfield.
Gillingham boss reveals double selection blow hours before Port Vale clash
Gillingham were forced to make two changes to their team hours before Tuesday’s game against Port Vale.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.